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20121201
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>>> welcome to "worldwide exchange." ross westgate is away. i'm kelly evans and these are your headlines from around the world. political turmoil in italy sending european stocks lower. italian banks leading the way down as mario monte keeps investors guessing in whether he'll run against sylvia berlusconi next year. the unexpected drop signals continued pressure from abroad. and meeting face-to-face, president obama and house speaker john boehner sit down for a one-on-one over the weekend. there are just three weeks left before the u.s. goes over the fiscal cliff. >>> italian shares are down nearly 3% this morning. for the most part, it is bank stocks leading the way down. we're now down about 2.76% on the ftse mib. bank stocks have been hit particularly hard this morning. earlier, we saw shares down 5.6%. we're seeing the same thing, whether it's bmps hitting session lows down nearly 6% comes amid concerns about leadership and economic reform in italy following mario monte's announcement that he'll resign once the budget has been passed. this move is likely to bring the count
, ross. the shanghai composite lost more ground in late trade after a four-day winning streak. agriculture, industrials and commodities puddle back after investors lost profits. but some rebounded after producers refuted contamination allegations with inspection reports. in hong kong, financials lent support to the hang seng, closing around a 15-month high. elsewhere, the nikkei ended lower by just a tad as exporters weakness. short sales rallied almost 7% after getting an additional $240 million loan. meanwhile, south korean shares were boosted by ship exporters. in australia, miners and bankers led support to the asx ending higher largely by 4%. back to you. >> all right. thanks for that. catch you a little later. >>> now, berlusconi and bersani are already exchanging blows after what's considered to be a controversial moment in italy. berlusconi has announced he's creating a new center right grouping. meanwhile, mario monti has been accused oversimplifying solutions during the fiscal crisis. carolin is joining us now from rome. do we expect more of this rhetoric today? >> o
>>> this is today's "worldwide exchange." i'm ross westgate. here are the headlines from around the globe. another shanghai surprise. beijing's leadership calls for economic stability and some business growth. >>> more austerity for britain that faces further spending cuts. chancellor george osborne getting ready to face his autumn statement. it's had a number of approaches enter sbred -- interested in buying the venture. >> you're watching "worldwide exchange." >> the final serves as pmi better than the familiar number. the 45.7 was a tick-up from october. the final composite pmi is also higher. 46.5 to 45.8 flash as well, the highest since july. so the economic slump a little less pronounced in november than previously thought, although the session still looks very much on course for another quarter here for europe. the pmi will rise above 50 that divides growth between contraction. hasn't stopped the euro/dollar from hitting a one and a half month high. i suppose we know growth is going to be anemic, but if spanish banks are getting some money, are we feeling slightly better?
>>> hello. welcome to today's "worldwide exchange." i'm ross westgate. and i'm kelly evans. >> japan's prime minister wastes no time on calling on the bank of japan to recognize support after a land slide win returning the dlp to power. >>> get a little, give a little, house speaker john boehner may be willing to raise taxes on the wealthy if president obama allows entitlement cuts in return. >>> and corporate news weighs on sentiment across europe. kpn shares fall after dividend and greco stocks plunges as analysts cut their outlook for the uk power group. >> okay. welcome. it's the start of a brand new week here on "worldwide exchange." and don't adjust your set, kelly and i are together. >> for once, for a day. >> but make the most of it because it won't be lasting. >> if only there were a slo-mo. >> i'm going to enjoy as much as i can of today. >> and likewise. and then we're going to have to get all of our u.s. voouers to find cnbc world because they could get three hours of you, carol and carolin for the rest of the week. >> whatever they can do. record it and fast fo
>>> hello, this is today's "worldwide exchange." i'm ross westgate. >> i'm kelly evans. these are your headlines from around the world -- >> opec ministers expect to agree on keeping their output target. talks about the level of u.s. production, rivalries between iran and saudi arabia, and a new secretary general could get heated. >>> italy likely to see a strong uptai uptake thanks to supply reductions before year end. >>> and let's twist again. the fed set to announce a fresh around of bond purchases to match the outgoing twist program at the end of the year. >>> the international community blasts north korea after it successfully launches a long-range rocket, prompting an emergency u.n. security council meeting. >>> all right. a very good morning to you. we are going to be on to opec later. we've got the latest i.a. data out this morning. they're saying global oil demand projected around 90.5 million barrels a day. more than forecast. they say non-opec production bouncing back. an something bit. they're saying opec crude supply inched up in november led by higher out
. >>> this is today's "worldwide exchange." i'm ross westgate. here are your headlines. chinese factories pick up the pace in november, both hsbc and the official pmi readings hit multimonth highs, both in expansion territory. it's another month of contraction for manufacturing in the eurozone. the region still in the grip of the crisis. white house and congress may need to call the auto club to jump-start budget talks which have stalled on discussions over taxes. and singapore airlines confirms it's in talks to sell its stake in virgin atlantic. delta is amongst the frontrunners. comes around quickly. december, we're already here. not long before christmas and we have the november final pmis out of the eurozone confirmed at 46.2. that was the flash, 45.4 was october. so slightly higher. the highest since march. but 46 still deep in contraction territory. output numbers, 46.1. so that's going in the right direction. and the final manufacturing pmi export orders 46.4. again, a tick higher than the 45.9 flash, the highest since march. so the contraction activity easing to an eight
. >>> let's hand over to "worldwide exchange." that is it for "squawk box." ross will pick it up. >> yes, here are the headlines take. european stocks firmly in the green in early trade as investors and analysts cheer aerospace's new ownership structure. draghi expected to hold off on rates and bond purchases. timothy geithner has drawn a line in the sand. he says the white house is prepared to go over the fiscal cliff if republicans don't give in on higher taxes on the wealthy. you can see we're weighted to the up side by a ratio of 8:1 at the moment. finland is not trading today, so you may see some quotes not doing very well. we saw apple stock having the biggest loss in four years. the ftse yesterday slim gains really. up 0.4%, the dax up a quarter of a percent. is this a this is where we stand as we wait for the announcements from the ecb. we're up at a 52 week high for the xetra dax. cac 40 up half a percent and ibex up half a percent, as well. take a look at bond yields. we looked at that auction yesterday from spain. they raised 4.3 billion. years went lower. nevertheless
>>> hello and welcome to "worldwide exchange." ross westgate is away. i'm kelly evans. japan's central bank boosts assets by another $120 billion. boj says it will discuss raising its inflation target next month. tech stocks fall in europe after ericsson unveils a swedish crown writout related to its loss chip venture. >>> reports say the intercontinental call is in talks to buy euro next. >>> and vows to continue the current government's battle against japanese territorial claims. >>> japan's central bank has decided to extend its asset purchase program to $120 billion. it will review the bank's stance on price stability next month. abe has been putting pressure on the boj to raise its inflation target to 2% as part of efforts to fight deflation. for more on the fallout or the impact here, let's talk to luca from asia pacific. you look like you're in mourning here, but it sounds like the bank of japan has delivered pretty much what the market was looking for the. >> yes. it was delivered in order to be seen as losing independence after the campaign, very aggressive campaign
>>> welcome to "worldwide exchange." i'm kelly evans. ross is away. these are your headlines from around the world. president obama and congress return to work today with little progress seen on a deal to avoid the fiscal cliff as the government starts taking steps to buy more time before the u.s. hits the debt ceiling. the yen hits a two-year low against the dollar as the new japanese government battles to weaken currency. exports are rising, pushing the nikkei to its strongest gain in 20 years. .shares of toyota are heading higher after the u.s. settled a class action lawsuit. the $1 billion payment is already priced in. okay. welcome to "worldwide exchange." plenty of news to watch out of washington. all of this week, we thought it would be a quiet one. but i won't be inside the beltway if they want to get something done. the u.s. will hit the $16.4 trillion debt ceiling come monday. in a letter to congressional leaders, geithner says treasury will begin taking steps to save the government about $2 billion. geithner says it's harder to predict a time frame because the ongone fi
for the first time today, when you not the last. >> thank you, ross.not the last. >> thank you, ross. shanghai composite recovered from its four year low as property financials, rebounded. shale gas and geothermal plays also rallied as beijing plans to cut its annual coal consumption target by 2015. the hang seng finished m eed marginally in the green. losses in the services sector capped the up side. in japan, down beat manufacturing data spurred profit taking on exporters, but sharp shares gained on a deal with qualcomm. more on that coming up from tokyo. south korea kospi also lost a quarter of a percent today. heavy weight cost company underperformed as investors fear the possible bid for canadian mine may hurt it balance sheet. sherry has more details on that later. and in australia, investors shrugged off the rba rate cut which was largely priced in. we'll have more on that, as well. banks, miners and defensive stocks broadly lower. sensex trading higher by 0.2%. back to you. >> catch you a little later. that's the latest from singapore. let's get the view with daniel morris, jpmorgan. d
! >>> this is "worldwide exchange." i'm ross westgate. a one meter high tsunami hits the ming a sgi pre miyagi prefecture as a 7.3 earthquake strikes. job growth in the u.s. is expected to have slowed significantly in november. and bundesbank sharply lowers germany growth outlook for next year, down to a mere 0.4%. very good morning to you. slim gains yesterday for u.s. markets. right now we're called marginally higher. pretty flat opening actually. dow seven points below fair value. the nasdaq mini currently some four points below fair value and the s&p 500 also about 1.4 points below fair value, as well. so a cautious start. ftse yesterday up nine. right now flat. xetra dax currently just down four points, but it's at levels we haven't seen since january 15, 2008. and up nearly 28% this year. cac 40 up four point, ibex down half of 1%. despite sharply lower growth forecasts from both the ecb and the bundesbank again this morning. what it has done of course is help push down yields on bunds. you can see here this morning we're slightly higher on the session, but 1.30%. spanish yields a little bit higher
exchange" starts now. >>> and welcome to a special edition of reside worldwide. ross andcle reoff today for boxes day in -- kelly are off today for boxing day. for now, you is us. >> we'll start with a brief check on the markets. energy and metals are trading higher now, wtis up about 55 cents. brent crude up 65 cents. also want to check in on the gold price, as well. gold right now down about slightly under the flat line there, 1,-658. well below the 1,700 mark. the cme globex has been closed for christmas. it's going to reopen at 6:00 a.m. eastern time. that goes for treasuries and the foreign exchange market, as well. >> as for action in the overseas markets, the u.k. is closed today for boxing day as are some of the former brish colonies. in europe the dax down about there about 35 points, around half a percent. and overnight in japan, the nikkei, the yen falling to a 20-month low. you have the nikkei up 1.5%. the nikkei -- yen versus the dollar as shinzo abe returns to office as japan's new prime minister, promising monetary and fiscal reforms. we have the shanghai composite there
suggested a response from the oil ministers in vienna. gary ross, welcome. >> nice to be here. >> the shale revolution in the u.s., is it a game changer as much as we're hearing from jamie dimon, arcelormittal? do you think this is going to make the u.s. energy independent, almost? >> well, we think it is. it's huge. we've statemented about 11110 billion pounds of recovery oil from shale crude. u.s. product will be going up overall, about a million barrels a day in 2013. about 65% of it will be shale crude. and it will continue to grow. >> people should understand we're not just talking about gas. we're talking about methods that's right.extract more oil. gas is clearly surplus. we're going to have l&g exports in the united states. we have a long-term growth phenomenon for natural gas. what people don't realize is how huge the oil is. when we talk about $110 billion of recovered oil, that's on 7.5% recovery rate. the resource itself is huge. it's not just the united states. it's all over the world. it's just that the united states has the technology, the environmental policy which has allow
for person of the year? e-mails us here, tweet us. i think ross westgate gets my nod. we'll see if maybe he comes out ahead in our unofficial reader poll. staying on that topic, the financial times has named its person of the year. we'll tell you who it is and talk to the newspaper's editor when we come back. can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shi fedex o. >>> you're watching "worldwide exchange." shanghai shares see their biggest gain in more than three years. flash pmi data suggests domestic demand is strong enough to boost growth. mixed signals from flash pmi data in the eurozone, business activity expands for the first time sips april, but we see contraction for the 11th consecutive month. >>> and japan's reading comes two days before a nationwide vote that polls suggest will hand the lpd opposition a landslide win. >>> the financial tim
fedex express ecember 22nd for christmas delivery. >>> welcome back to "worldwide exchange." ross westgate is away. i'm kelly evans and these are your headlines from around the world. a setback for negotiations between congress and the white house as house speaker john boehner's plan b fails with just ten days left until the fiscal cliff deadline. >>> markets are trading lower around the world on that news. ars, arse announcing make write-do write-downs. >>> and maybe there are just two hours to go before the end of the world. reports suggest there is panic buying around the world as the mayan calendar chicagos towards its cataclysmic conclusion. >>> well, let's check in on markets. if we can brick them in behind me, here is what's going on. u.s. futures, we see the s&p, nasdaq and dow jones all pointed well to the down sides. thin trading does tend to exacerbate the knee jerk reaction we saw out of the news on washington last night. so it looks like the dow could shed 160 points at the open. we'll keep an eye on this throughout the morning. across europe, the mood has been pretty
of the u.s. trading session. thank you for tuning in this morning. i'm kelly evans. ross westgate will be back here on friday. so we'll see you back then. maybe tomorrow, too. [ male announcer ] how can power consumption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> good morning, fiscal cliff countdown. house republicans unveiling what they're calling plan b. >>> tech toughness. oracle sales will stay strong into the new year despite fears of tax hikes and spending cuts. >>> plus, libor rigging.
Search Results 0 to 15 of about 16